Carpenters District Council of Greater St. Louis and Vicinity, St. Louis, hired J.A. Glynn as a large-cap growth equity manager for its $800 million pension fund.
The firm replaces Mississippi Valley Advisors, which had a $60 million portfolio. J.A. Glynn will handle $40 million; the rest will be allocated to existing managers. The switch was made in order to follow the move of the portfolio manager at MVA to J.A. Glynn, said Juli Laramie, controller. Fiduciary assisted.
University of Colorado, Boulder, will invest its cash reserves portion of its $330 million operating fund in six short-term bond mutual funds.
The $20 million to $125 million the school typically has in cash reserves will be invested in the Merrill Lynch Premier Institutional Fund, Provident TempFund, AIM Prime Portfolio, AIM Liquid Asset Portfolio, Dreyfus Government Cash Management Fund and Dreyfus Treasury Cash Management Fund.
The university previously managed the money in-house. Callan assisted.